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Alshon Jeffery does not sign a long term deal with the Chicago Bears

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Dennis Wierzbicki-USA TODAY Sports

The franchise tag deadline has passed and no deal has been reached between the Chicago Bears and wide receiver Alshon Jeffery meaning that Jeffery will play the 2016 season for a guaranteed $14,599,000. That's not too shabby, but it's not the long term deal that either side was looking for.

Jeffery was reported to be looking for something along the lines of the highest paid wide outs in the game today, so think Julio Jones, Dez Bryant and Demaryius Thomas type of money ($70 million and over $40 million guaranteed). While the Bears were most likely offering something along the lines of Jeremy Maclin, Doug Baldwin and Keenan Allen type of money (about $50 million with $23ish million guaranteed).

Jeffery will now have a full 16 games to prove to the Bears and the NFL just how elite he is. If he absolutely rocks the 2016 season, he and the Bears could try to hammer out a long term contract, but the Bears would have the option of slapping the franchise tag on him again, only this time it will guarantee Jeffery about $17.5 million. The Bears could actually use the tag for three straight years, but that 3rd year would be over $25 million guaranteed.

If Jeffery doesn't play like a Hoss, the Bears cold let him walk or pay him something closer to market value.

What do you guys think will happen with Jeffery this year and next offseason?